Copper Falls as Lower Imports Into China Stoke Demand Concern

Summary: Copper joined other commodities and precious metals in a broad selloff. As of Monday 04/22, copper was down again, mostly on news that Chinese demand is slowing. In March, copper shipments dropped 37% from the year before. Meanwhile, Goldman Sachs cut its three-month forecast for copper to $7500 a ton, down from $8000. Read more…